Phenol Derivatives Market was worth USD 7.42 billion in 2021 and is projected to grow at a CAGR of 5.67%, to reach USD 9.78 billion by 2026.
Phenol derivatives are compounds which can be acquired from phenol, a carbolic acid found in family merchandise including detergents and throat sprays. Increasing scope and variety of applications of phenol derivatives due to their low cost and relatively easy availability will increase the call for phenol derivatives, advocate analysts. Challenges faced with the utilization of Phenol derivative compounds are its aspect effects on human fitness. Excessive usage of the compound can cause difficulty in respiratory, fever, headache, swelling, vomiting, and nausea and can worsen pain, redness and irritation around the mouth.
Some of the usually used phenol derivatives are bisphenol-A, alkylphenols, chloro-phenols, salicylic acid, and hydroxyphenyl. Bisphenol-A is the most commonly used spinoff of phenol. It is particularly used to produce epoxy resins and polycarbonates. Epoxy resins are used for paints coatings and moldings, with polycarbonates finding applications in food and drink packaging, impact-resistant safety system, clinical gadgets, and compact discs. It is predicted to be the main derivative segment of the phenol derivatives market in the coming few years.
REPORT METRIC |
DETAILS |
Market Size Available |
2020 – 2026 |
Base Year |
2020 |
Forecast Period |
2022 - 2027 |
CAGR |
5.67% |
Segments Covered |
By Derivatives, Application and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Midas Pharma,Rheinmetall Waffe Munition,LG Chem,Mitsui Chemicals,Honeywell International,CEPSA,INEOS,Arsol Aromatics,Schutz,Royal Dutch Shell,Ter Hell Plastic and Others. |
The Phenol Derivatives Market is segmented and sub-segmented into following categories:
Phenol Derivatives
Caprolactam
Phenolic Resin
Alkylphenol
Other derivatives
Geographical Classification of Phenol Derivatives Industry:
Key Players:
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